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Sales of high-end optical modules are experiencing strong growth! Zhongji Innolight: It is expected that the Net income in 2024 will increase by 111.64%-166.85% year-on-year | Earnings Reports Insights
Benefiting from the strong growth in sales of 800G and 400G high-end optical modules, the company expects to achieve a net income attributable to the shareholders of the listed company of 4.6 billion yuan to -5.8 billion yuan in 2024, a year-on-year increase of 111.64% to 166.85%. The net income after excluding non-recurring gains and losses is expected to be 4.5 billion yuan to -5.7 billion yuan, a year-on-year increase of 111.90% to 168.40%.
Market overview | Is the "Chinese New Year red envelope" market trend reappearing? The Hong Kong stock market is rallying across the board, with the Hang Seng Index rising over 2% and the Tech Index rising over 3%.
All three major indexes in Hong Kong are rising, with star Network Technology stocks and the mobile Industry Chain collectively pushing higher; chip stocks performing well, Semiconductor Manufacturing International Corporation rising nearly 4%, and HUA HONG SEMI increasing by over 3%.
Increase R&D investment to "bet" on new chip products and AI edge-side; Allwinner Technology's net income in Q4 2024 may decline year-on-year | Interpretations
① In the context of a low base from the previous year, Allwinner Technology expects a year-on-year growth of over 14 times in non-recurring net income for 2024; ② The company anticipates that the net income for Q4 2024 will be between 0.002 billion yuan and 0.039 billion yuan, compared to 0.044 billion yuan in the same period last year, indicating that the company's net income for last year's Q4 will decline year-on-year.
Star Evening News | Baiwei Storage expects to turn losses into profits in 2024. Aisen Co., Ltd. and Fumiao Technology will be suspended from trading tomorrow.
① The Ministry of Commerce responds to the U.S. hope of owning 50% of TikTok's shares; ② The Dutch Prime Minister indicates that export policies to China should be decided independently; ③ ByteDance launches a long-term research project on AGI codenamed SEED Edge.
Baiwei Storage expects to turn profitable in 2024. The net profit attributable to shareholders is below expectations due to share-based payments. Revenue from Smart Clothing storage products has increased significantly.
① Baiwei Storage expects to achieve revenue of 6.5 billion to 7 billion yuan in 2024, representing a year-on-year growth of 81.02% to 94.95%, with a net income of 0.16 billion to 0.2 billion yuan; ② Baiwei Storage stated that the recovery of the storage Industry, and in 2025, the growth of AI glasses and in-depth collaboration with key clients will drive the continued growth of the company's Smart Clothing storage Business.
Express News | Amazon Web Services will invest 8.3 billion dollars in Maharashtra, India, to build cloud infrastructure.